You are 22 years old.You are planning to start saving 500$ a month(at the end of the month)for next 45 years,so you can reture on your 67th burthday.These deposits are made at the end of every month.APR is 8% with minthky compounding.

1)How much you will have after the final contribution on your 67th birthday?

2)Suppose you annuatize your accumulated savings from age 67 to 100,with monthky withdrawals(at the end of every month)What is monthly annuity